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Home -> Finance -> News

NATIONAL
Sensex ends 74 points down after early volatility
The sensex reacted negatively and ended lower by 74 points after early volatility prompted by the end of political drama with the selection of Manmohan Singh as the next Prime Minister.

Manmohan's statements on economy elates industry
After days of uncertainty, the industry has drawn comfort from Prime Minister-designate Manmohan Singh's statement making it clear that investor-friendly economic policies would be followed by the new Government, and expressed confidence that growth will be maintained through well thought out economic programme.

Market remains volatile; Sensex opens 67 pts high
The Sensex opened firm and surged up further to a high of 5,073.70 today (May 20, 2004) at the Bombay Stock Exchange (BSE) as the market welcomed the selection of Manmohan Singh as the next Prime Minister.

GAIL, ONGC won't be privatised: Manmohan
Prime Minister designate Manmohan Singh today (May 20, 2004) said Oil and Natural Gas Corporation (ONGC) and Gas Authority of India (GAIL) would not be privatised.

INTERNATIONAL
Outsourcing is key to IT growth: US research firm
Despite the political furore over outsourcing of jobs in the US, the trend will continue to be the main source for growth in the IT sector, as its popularity continues with companies of all sizes, an American research analysis firm has said.

World oil prices take off again, near record high
World oil prices took off, nearing record highs amid bloodshed in the Middle East and US President George W Bush's refusal to release emergency oil reserves.